U.S. stocks rose on Friday, with the Dow Jones index gaining over 150 points and hitting a fresh record high. The Federal Reserve cut interest rates by 25 basis points last week, signaling more easing ahead. The S&P 500 and Nasdaq also saw significant gains.
Investors often rely on Wall Street analysts for stock picks and price targets. However, not all analysts have impressive track records, making it difficult to determine which opinion to trust. Benzinga’s Analyst Ratings API provides curated stock ratings from major sell-side banks. A recent study found that analyst insights from Benzinga can be used as trading indicators to outperform the market.
Here are five top Wall Street analysts with high accuracy rates, along with their latest stock picks:
1. John Todaro (Needham) – 89% accurate
Reiterated Buy rating on WhiteFiber, Inc. (NASDAQ:WYFI) with a price target of $34.
2. Jay McCanless (Wedbush) – 87% accurate
Downgraded Builders FirstSource, Inc. (NYSE:BLDR) from Outperform to Neutral with a price target of $145.
3. Doug Anmuth (JP Morgan) – 87% accurate
Maintained Neutral rating on WEBTOON Entertainment Inc. (NASDAQ:WBTN) and boosted the price target from $14 to $22.
4. Rohit Kulkarni (Roth Capital) – 86% accurate
Reiterated Buy rating on Rezolve AI PLC (NASDAQ:RZLV) with a price target of $9.
5. Christopher Dendrinos (RBC Capital) – 85% accurate
Initiated coverage on NuScale Power Corporation (NYSE:SMR) with a Sector Perform rating and a price target of $35.
Investors can access the latest analyst ratings and sort through Benzinga’s extensive database by analyst accuracy. With this information, traders can make informed decisions about their investments.
Source: https://www.benzinga.com/analyst-stock-ratings/price-target/25/09/47786225/5-stocks-in-the-spotlight-wall-streets-most-accurate-analysts-weigh-in-5